Three-year fixed mortgages could be a good product for borrowers who feel alternatives are too long or short, but a lack of options and inconsistent pricing means they are often not chosen. Speaking to brokers about whether there had been an increased take-up in three-year fixes to appease and attract people who feel there could be a marked improvement in rates and the economy in less than five years, many pointed out that not enough lenders offered them.
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Link to Original Article: Mortgage Solutions - Three-year fixes are the 'Goldilocks' option but the product cupboard is bare - analysis